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Strategies & Market Trends : Joe Stocks Trader Talk

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To: Joe Stocks who started this subject	3/13/2002 9:00:11 AM
From: Joe Stocks	of 787

Retail sales came in low and futures bolted to the downside. In my opinion we are starting to see signs that the we will not have the recovery expectations as envisioned. If 2h comes into doubt we could head lower rapidly as more investors will just give up after several assurances that things are getting better have failed. I think you need to have a very defensive allocation here. I think I read something recently that said that investing in the SP500 back in 1998 you would only have a 5% compounded return. 10 year treasuries now pay more than that with out the risk. I am moving more and more of my long term stuff to treasuries and dividend yielding utilities. Utilities are my aggressive growth allocation. LOL! My trading account acts as my "hedge" fund. I don't see much of a recovery coming. Just a thought, Joe

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